Will electing a Black President Erase Racial Inequalities?
First, let me state my political leaning so my response can be taken in context. I consider myself a diehard moderate. I vote republican or democrat depending on the candidate. I should also admit that I voted for Barack Obama in the California primary and I am proud of this decision (for full disclaimer, my wife is a very strong supporter of Hillary Clinton).
I think that the election of Barack Obama as the first African-American president will have the same effect that the election of John F. Kennedy as the first Catholic-American president. It will make race a nonissue for future presidential elections. This is a really great thing for America. Regardless of whether Barack Obama is successful as president or not, he will leave America with this great legacy.
Now, as far as racial inequalities... This is a real tough one. I think that inequalities, unfortunately, are an inevitable part of the system. Much of the current inequalities are not only embedded in the economic system but are also embedded in the expectations of people. For example, when Barack first announced his candidacy, he did not have the full support of the African-American community because many in the community didn't believe an African-Amercian could win as president.
In my view, Barack, if elected, will have unprecedented possibility in greatly improving racial inequalities. But, we should remember, that changing the legal rules and tax incentives does not not solve the sociological issues right away. Changes in expectations and perceptions may still take a generation to have permanent effect.
I don't believe that racial inequalities will be erased in one presidential term but hopefully, they will be greatly improved. We'll just have to see what happens in the election and if Barack wins, what he does.
That's my opinion. I hope that you found my answer interesting.